Crane NXT Co (CXT)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,905,100 | 3,921,400 | 3,903,600 | 3,885,200 | 3,913,800 | 2,311,100 | 2,869,800 | 3,391,300 | 3,299,400 | 3,212,500 | 3,005,200 | 2,794,000 | 2,761,300 | 2,915,200 | 3,001,000 | 3,198,300 | 3,283,100 | 3,285,200 | 3,368,700 | 3,378,100 |
| Receivables | US$ in thousands | 214,900 | 179,100 | 200,900 | 499,500 | 474,700 | 486,900 | 490,400 | 510,900 | 472,400 | 512,700 | 458,600 | 483,400 | 432,700 | 439,500 | 444,800 | 543,500 | 555,100 | 534,200 | 543,200 | 573,800 |
| Receivables turnover | 8.87 | 21.90 | 19.43 | 7.78 | 8.24 | 4.75 | 5.85 | 6.64 | 6.98 | 6.27 | 6.55 | 5.78 | 6.38 | 6.63 | 6.75 | 5.88 | 5.91 | 6.15 | 6.20 | 5.89 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,905,100K ÷ $214,900K
= 8.87
Receivables turnover is a financial ratio that measures how effectively a company is managing its accounts receivable by indicating how many times during a period the company collects its average accounts receivable balance. A higher receivables turnover ratio generally indicates better efficiency in collecting outstanding receivables.
Analyzing Crane NXT Co's receivables turnover over the past five quarters, we observe fluctuations in the ratio. The ratio has shown significant variability, ranging from a low of 4.75 to a high of 21.90. The sharp fluctuations could suggest inconsistencies in the company's credit and collection policies, impacting the efficiency of its accounts receivable management.
In the latest quarter, the receivables turnover ratio stands at 8.87, indicating that Crane NXT Co collected its outstanding receivables approximately 8.87 times during the period. This suggests a moderate level of efficiency in managing its accounts receivable compared to previous quarters.
Overall, it is important for Crane NXT Co to analyze the factors contributing to the fluctuations in its receivables turnover ratio and consider refining its credit policies and collection processes to improve efficiency in managing its accounts receivable, leading to better cash flow and financial stability.
Peer comparison
Dec 31, 2023